Insider Selling: Power Integrations, Inc. (NASDAQ:POWI) Insider Sells $384,400.00 in Stock

Power Integrations, Inc. (NASDAQ:POWI) insider David Mh Matthews sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $76.88, for a total value of $384,400.00. Following the transaction, the insider now owns 63,229 shares of the company’s stock, valued at $4,861,045.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

David Mh Matthews also recently made the following trade(s):

• On Tuesday, April 2nd, David Mh Matthews sold 1,153 shares of Power Integrations stock. The stock was sold at an average price of $69.04, for a total value of $79,603.12.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $76.23 on Friday. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60. The stock has a fifty day moving average of $70.49 and a 200-day moving average of $74.76. The company has a market capitalization of $4.33 billion, a PE ratio of 82.86, a price-to-earnings-growth ratio of 4.30 and a beta of 1.20.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.05%. Power Integrations’s dividend payout ratio (DPR) is presently 86.96%.

Institutional Investors Weigh In On Power Integrations

A number of institutional investors and hedge funds have recently modified their holdings of POWI. Kodai Capital Management LP acquired a new stake in shares of Power Integrations during the 4th quarter valued at $39,467,000. Norges Bank acquired a new stake in shares of Power Integrations during the 4th quarter valued at $37,424,000. Capital International Investors raised its stake in Power Integrations by 46.2% during the 4th quarter. Capital International Investors now owns 1,236,159 shares of the semiconductor company’s stock valued at $101,501,000 after purchasing an additional 390,373 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Power Integrations by 2,011.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 260,951 shares of the semiconductor company’s stock valued at $21,427,000 after purchasing an additional 248,591 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Power Integrations by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,556,319 shares of the semiconductor company’s stock valued at $195,073,000 after purchasing an additional 154,032 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently issued reports on POWI. Northland Securities upgraded Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a research report on Monday, February 26th. TD Cowen upped their target price on Power Integrations from $65.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Benchmark upped their target price on Power Integrations from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.40.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.